HCC Insurance Holdings Announces Quarterly Dividend of $0.17 (HCC)
HCC Insurance Holdings (NYSE:HCC) declared a quarterly dividend on Wednesday, March 13th. Shareholders of record on Monday, April 1st will be given a dividend of $0.17 per share on Monday, April 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.62%.
A number of analysts have recently weighed in on HCC shares. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of HCC Insurance Holdings in a research note to investors on Friday, February 15th. They now have a $40.00 price target on the stock, up previously from $37.00. On a related note, analysts at KBW raised their price target on shares of HCC Insurance Holdings from $43.00 to $45.00 in a research note to investors on Thursday, February 14th. Finally, analysts at RBC Capital raised their price target on shares of HCC Insurance Holdings from $41.00 to $45.00 in a research note to investors on Thursday, February 14th. They now have an “outperform” rating on the stock.
Five research analysts have rated the stock with a buy rating, four have assigned a hold rating, and one has issued a sell rating to the company. The company has an average rating of “overweight” and an average price target of $43.57.
HCC Insurance Holdings (HCC) traded up 0.10% on Wednesday, hitting $40.70. HCC Insurance Holdings (HCC) has a 1-year low of $29.91 and a 1-year high of $40.72. The stock’s 50-day moving average is currently $39.63. The company has a market cap of $4.044 billion and a price-to-earnings ratio of 10.62.
HCC Insurance Holdings, Inc. (HCC) provides specialized property and casualty, surety, and group life, accident and health insurance coverages and agency services to commercial customers and individuals.
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